The shares of the leading American software developer Adobe Inc. have been attempting corrective growth since the beginning of this month as part of a long-term downward trend.
During this time, the quotes have reversed at the level of 281.25 ([1/8]) and are now testing the lower boundary of the central Murray channel of 343.75 ([3/8]), consolidation above which will give the prospect of further growth to the levels 375.00 ([4/8]), 406.25 ([5/8]). The key for the "bears" is the reversal level of 312.50 ([2/8]), supported by the middle line of the Bollinger Bands. If the price consolidates below it, the decline can continue up to the lower mark of the trading range of 250.00 ([0/8]).
Technical indicators do not give a single signal: the upward reversal of the Bollinger Bands and the growth of the MACD histogram in the positive zone point out the continuation of a short-term upward trend, but the Stochastic is preparing to leave the overbought zone and form a sell signal.
Resistance levels: 343.75, 375.00, 406.25. | Support levels: 312.50, 281.25, 250.00.